
Comprehensive Guide to Effective Bank Risk Assessment and Management
A bank risk assessment helps financial institutions identify, evaluate, and mitigate risks to protect assets, ensure regulatory compliance, and safeguard their reputation. It addresses various risks, from internal challenges to external threats like economic fluctuations and cyber risks, allowing banks to anticipate and minimize their impact. The process includes steps like risk identification, analysis, mitigation, and monitoring, fostering a culture of risk awareness throughout the organization.
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